This page reflects PVLA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — PVLA
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $100.00 (15.50 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$100.00
Nearest expiry
Expected Move
±$16.85
±14.6%
Days to Expiry
29
Calendar days
Total Call OI
2,917
Nearest expiry
Total Put OI
229
Nearest expiry
P/C OI Ratio
0.08
Put-heavy
Spot Price
$115.50
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$125.00
4/17/2026, 11:29:54 PM
2026-05-15
$100.00
5/15/2026, 11:33:06 PM
2026-06-18NextUpdated
$100.00
5/20/2026, 11:28:41 PM
2026-08-21
$115.00
5/20/2026, 11:28:41 PM
2026-11-20
$90.00
5/20/2026, 11:28:41 PM
Selected expiration: 2026-06-18 at max pain $100.00.
PVLA pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
90
0
515500
515500
100
1000
290500
291500
105
251500
188500
440000
110
502500
113000
615500
115
753500
64000
817500
120
1022000
27500
1049500
125
1292500
5000
1297500
130
2063500
0
2063500
135
3337500
0
3337500
140
4661500
0
4661500
150
7320500
0
7320500
155
8775000
0
8775000
170
13138500
0
13138500
180
16048500
0
16048500
185
17504000
0
17504000
190
18961000
0
18961000
195
20419000
0
20419000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.